Canara Bank Q4 Results 2026 Highlights: Net profit falls 9.9% to ₹4,506 cr, NII up 4% YoY; declares ₹4.20 dividend

Canara Bank share price ended 3.72% lower at ₹129.35 apiece on the BSE after the announcement of Q4 results.

Provisions for the March quarter fell to Rs991.81 crore from ₹2,414.36 crore during the December quarter, and from ₹1,831.71 crore in the year-ago quarter.

Slippages at ₹2,800 crore in the March 2026 quarter as against ₹1,899 crore in the December 2025 quarter.

Net Interest Margin (NIM) in Q4FY26 dropped to 2.54% from 2.73% YoY, but was up from 2.45% QoQ.

Canara Bank’s Savings Account Deposits in March 2026 quarter increased 8.73% YoY to ₹3,66,581 crore, while Current Account Deposits fell 20.06% YoY to ₹62,223 crore. CASA deposits rose 3.3% to ₹4,28,804 crore.

Canara Bank has fixed the record date to determine the eligible shareholders for the payment of dividend. Canara Bank divided record date is 12 June 2026, Friday.

Canara Bank share price fell over 4% after the announcement of Q4 results. The PSU Bank stock declined as much as 4.31% to ₹128.55 apiece on the BSE.

The PSU lender’s Slippage Ratio stood at 0.69% in Q4FY26, an improvement of 21 bps.

Canara Bank's credit cost in Q4FY26 stood at 0.59%, improved by 33 bps.

As on 31 March 2026, Canara Bank has 10,097 number of branches, out of which 3,200 are Rural, 3,025 Semi Urban, 1,987 Urban and 1,885 Metro, along with 11,306 ATM & Recycler. The bank also havs 4 Overseas Branches in London, New York, Dubai & IBU Gift City Gujrat.

CRAR stood at 17.04% as at March 2026. Out of which CET1 is 12.44%, Tier-I is 14.59% and Tier-II is 2.45%.

Provision Coverage Ratio (PCR) stood to 94.21% as at March 2026 against 94.19% as at December 2025, 92.70% as at March 2025.

Domestic Deposit of Canara Bank stood at ₹14,36,905 crore as at March 2026 with growth of 7.95% YoY. Domestic Advances (gross) of the bank stood at ₹11,61,143 crore as at March 2026 grew by 15.12% YoY.

Canara Bank’s Global Deposits at the end of March 2026 stood at ₹15,68,678 crore, a growth of 9.71% YoY. Global Advances stood at ₹12,37,548 crore, up by 15.30% YoY.

Asset quality of Canara Bank improved sequentially. Gross Non-Performing Assets (NPA) in the quarter ended March 2026 decreased 8.42% to ₹22,740.01 crore from ₹24,832.58 crore in the previous quarter, while NPA declined 2.12% to ₹5,209.37 crore from ₹5,322.30 crore, quarter-on-quarter (QoQ).

Gross NPA as a percentage of gross advances in Q4FY26 dropped to 1.84% from 2.08%, while net NPA ratio fell to 0.43% from 0.45%, QoQ.

Pre-Provisions Operating Profit during the March quarter declined 18.42% to ₹6,757.38 crore from ₹8,283.67 crore, YoY.

The Board of Directors of Canara Bank also recommended a dividend of ₹4.20 per equity share (210%) of face value of ₹2 each for FY 2025-26, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank.

The bank’s net interest income (NII) in Q4FY26 increased 4% to ₹9,808 crore from ₹9,442 crore, YoY.

Canara Bank standalone net profit in Q4FY26 declined 9.9% to ₹4,505.57 crore from ₹5,002.66 crore, YoY.

Motilal Oswal expect flattish NIMs QoQ amid repo repricing and steady cost of funds. It expects steady growth in business, led by RAM and steady growth in corporate. Lower slippages are likely to keep credit costs lower sequentially, while lower treasury income amid higher bond yields are expected to keep other income muted.